XML 19 R33.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Fair Value Measurements (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2014
Fair Value Disclosures [Abstract] |
Schedule of assets and liabilities recorded at fair value on a recurring basis |
|  |  |  |  | Fair Value Measurements |
|  |  |  |  | Quoted Prices |  |  |  |  |  |  |
|  |  |  |  | in Active |  |  |  |  |  |  |
|  |  |  |  | Markets for |  |  | Other |  |  | Significant |
|  |  |  |  | Identical |  |  | Observable |  |  | Unobservable |
|  |  |  |  | Assets |  |  | Inputs |  |  | Inputs |
(in thousands) |  | Fair Value |  |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |
June 30, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Government sponsored enterprises |  | $ | 68,048 |  |  | $ | 0 |  |  | $ | 68,048 |  |  | $ | 0 |
Asset-backed securities |  |  | 114,738 |  |  |  | 0 |  |  |  | 114,738 |  |  |  | 0 |
Obligations of states and political subdivisions |  |  | 32,867 |  |  |  | 0 |  |  |  | 32,867 |  |  |  | 0 |
Mortgage servicing rights |  |  | 2,911 |  |  |  | 0 |  |  |  | 0 |  |  |  | 2,911 |
Total |  | $ | 218,564 |  |  | $ | 0 |  |  | $ | 215,653 |  |  | $ | 2,911 |
December 31, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury |  | $ | 1,003 |  |  | $ | 1,003 |  |  | $ | 0 |  |  | $ | 0 |
Government sponsored enterprises |  |  | 60,616 |  |  |  | 0 |  |  |  | 60,616 |  |  |  | 0 |
Asset-backed securities |  |  | 110,373 |  |  |  | 0 |  |  |  | 110,373 |  |  |  | 0 |
Obligations of states and political subdivisions |  |  | 33,993 |  |  |  | 0 |  |  |  | 33,993 |  |  |  | 0 |
Mortgage servicing rights |  |  | 3,036 |  |  |  | 0 |  |  |  | 0 |  |  |  | 3,036 |
Total |  | $ | 209,021 |  |  | $ | 1,003 |  |  | $ | 204,982 |  |  | $ | 3,036 |
Summary of changes in Level 3 assets and liabilities measured at fair value on a recurring basis |
|  | Fair Value Measurements Using |
|  | Significant Unobservable Inputs |
|  | (Level 3) |
|  | Mortgage Servicing Rights |
(in thousands) |  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |
Balance at beginning of period |  | $ | 3,040 |  |  | $ | 2,689 |  |  | $ | 3,036 |  |  | $ | 2,549 |
Total gains or losses (realized/unrealized): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Included in earnings |  |  | (201 | ) |  |  | 21 |  |  |  | (247 | ) |  |  | (37 | )
Included in other comprehensive income |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Purchases |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Sales |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Issues |  |  | 72 |  |  |  | 163 |  |  |  | 122 |  |  |  | 361 |
Settlements |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Balance at end of period |  | $ | 2,911 |  |  | $ | 2,873 |  |  | $ | 2,911 |  |  | $ | 2,873 |
Schedule of quantitative Information about Level 3 Fair Value Measurements |
|  | Quantitative Information about Level 3 Fair Value Measurements |  |  |  |  |  |
|  | Valuation Technique |  | Unobservable Inputs |  | Input Value |
|  |  |  |  |  | Six Months Ended June 30, |
|  |  |  |  |  | 2014 |  |  | 2013 |
Mortgage servicing rights |  | Discounted cash flows |  | Weighted average constant prepayment rate |  |  | 9.69 | % |  |  | 16.02 | %
|  |  |  | Weighted average discount rate |  |  | 9.15 | % |  |  | 8.05 | %
|  |  |  | Weighted average expected life (in years) |  |  | 6.00 |  |  |  | 4.30 |
Schedule of valuation methods for instruments measured at fair value on a nonrecurring basis |
|  |  |  |  | Fair Value Measurements Using |  |  |  |  |  |  |
|  |  |  |  | Quoted Prices |  |  |  |  |  |  |  |  | Three |  |  | Six |
|  |  |  |  | in Active |  |  |  |  |  |  |  |  | Months |  |  | Months |
|  |  |  |  | Markets for |  |  | Other |  |  | Significant |  |  | Ended |  |  | Ended |
|  |  |  |  | Identical |  |  | Observable |  |  | Unobservable |  |  | June 30, |  |  | June 30, |
|  | Total |  |  | Assets |  |  | Inputs |  |  | Inputs |  |  | Total Gains |  |  | Total Gains |
(in thousands) |  | Fair Value |  |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |  |  | (Losses)* |  |  | (Losses)* |
June 30, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Impaired loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial, financial, & agricultural |  | $ | 1,412 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 1,412 |  |  | $ | (19 | ) |  | $ | (122 | )
Real estate construction - residential |  |  | 1,749 |  |  |  | 0 |  |  |  | 0 |  |  |  | 1,749 |  |  |  | 0 |  |  |  | (60 | )
Real estate construction - commercial |  |  | 39 |  |  |  | 0 |  |  |  | 0 |  |  |  | 39 |  |  |  | (77 | ) |  |  | (491 | )
Real estate mortgage - residential |  |  | 3,698 |  |  |  | 0 |  |  |  | 0 |  |  |  | 3,698 |  |  |  | (44 | ) |  |  | (138 | )
Real estate mortgage - commercial |  |  | 2,973 |  |  |  | 0 |  |  |  | 0 |  |  |  | 2,973 |  |  |  | (704 | ) |  |  | (1,069 | )
Consumer |  |  | 221 |  |  |  | 0 |  |  |  | 0 |  |  |  | 221 |  |  |  | (52 | ) |  |  | (70 | )
Total |  | $ | 10,092 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 10,092 |  |  | $ | (896 | ) |  | $ | (1,950 | )
Other real estate and foreclosed assets |  | $ | 12,026 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 12,026 |  |  | $ | (1,499 | ) |  | $ | (1,530 | )
June 30, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Impaired loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial, financial, & agricultural |  | $ | 1,380 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 1,380 |  |  | $ | (75 | ) |  | $ | (85 | )
Real estate construction - residential |  |  | 1,927 |  |  |  | 0 |  |  |  | 0 |  |  |  | 1,927 |  |  |  | 0 |  |  |  | (119 | )
Real estate construction - commercial |  |  | 4,121 |  |  |  | 0 |  |  |  | 0 |  |  |  | 4,121 |  |  |  | 0 |  |  |  | 0 |
Real estate mortgage - residential |  |  | 2,993 |  |  |  | 0 |  |  |  | 0 |  |  |  | 2,993 |  |  |  | (11 | ) |  |  | (246 | )
Real estate mortgage - commercial |  |  | 11,598 |  |  |  | 0 |  |  |  | 0 |  |  |  | 11,598 |  |  |  | 0 |  |  |  | (987 | )
Consumer |  |  | 38 |  |  |  | 0 |  |  |  | 0 |  |  |  | 38 |  |  |  | 0 |  |  |  | 0 |
Total |  | $ | 22,057 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 22,057 |  |  | $ | (86 | ) |  | $ | (1,437 | )
Other real estate and foreclosed assets |  | $ | 23,128 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 24,793 |  |  | $ | (4,485 | ) |  | $ | (4,686 | )
* Total gains (losses) reported for other real estate and foreclosed assets includes charge-offs, valuation write downs, and net losses taken during the periods reported.

X
- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19296-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19190-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a),(b) -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19279-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of quantitative information about the inputs used in the fair value measurement of assets. This disclosure may include, but is not limited to, the fair value of the asset, valuation technique used to measure fair value, the inputs used to measure fair value, the ranges of the inputs, and the weighted averages of the inputs. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueInputsAssetsQuantitativeInformationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration